Posts Tagged ‘Detroit’

2011 Business Person of the Year

Monday, April 4th, 2011

From Home Town Life Dot Com

Experience, commitment to community earn Blaine top honor

Thomas Blaine is ready to buy, sell or trade. Owner of the Garden City Exchange, Blaine takes in items that the owner no longer wants and finds them a new owner.

Looking around his store on Ford Road, everything, he said, is for sale.

“The biggest thing we do is buy gold and buy and sell electronics, guitars, video game systems, tools and coins,” he said.

At age 31, Blaine learned the family business. His experience helped to earn him the 2011 Business Person of the Year award from the Garden City Chamber of Commerce and Downtown Development Authority.

The Livonia resident will be honored at an awards program and wine tasting, starting at 5:30 p.m. Thursday, April 7, at Roma’s of Garden City.

Business owner Joan Hines said that Blaine has always been supportive of the chamber when she goes there.

Blaine and brother Adam run Garden City Exchange. He purchased it three years ago from Rudy Maldanado, who now owns a business in Wyandotte. Blaine’s uncle has a similar business called Olde Redford Exchange at Six Mile and Telegraph in Detroit.

“We were looking for new opportunities,” Blaine said.

Blaine believes in supporting the chamber and Downtown Development Authority events. He has bought gold from the community and has donated a portion of purchases back to the chamber at the Farmers Market.

“Gold prices are real high now, it’s been a big thing for people to sell their gold,” he said. “We try to donate whenever we can to the chamber. They come around every couple of months.”

He plans to be involved in the Farmers Market again this year.

The store has 5,000 square feet of space and draws customers from 10 miles away. He tries to do a lot of advertising. He has a Facebook page and advertise on the popular Pawn Stars cable TV show that’s on the Discovery Channel.

“It is a popular program and has brought us a lot of customers,” Blaine said. “It’s brought a good name to the business.”

He added that he is always willing to bargain.

“We are always negotiable on prices,” Blaine said. “We try to sell things at reasonable prices because the economy isn’t so good. On the other hand, people are always in need of cash, so we are always buying different things.”

He said that he is especially knowledgeable about gold and diamonds. He protects against buying stolen merchandise by asking for the person’s thumbprint, signature and driver’s license. They also have to be older than age 18.

“Every purchase that we make from a single DVD to a motorcycle or car is reported to the local police department, with serials and everything like that,” Blaine said. “We can act as a witness that the person was in possession of a stolen item and we can help prosecute. That’s not something that happens often.”

He admits that home invasions and larcenies are a problem in the community.

“We don’t want them (people) just to get away,” he said. “If somebody finds their stuff here, we advise them to prosecute. We don’t need these criminals to get back out there doing the same thing over and over again.”

Blaine grew up in Garden City and Livonia and is a graduate of Stevenson High School. He and his wife Amber are expecting their first child, a boy, in about 10 weeks.

For more information about the Garden City Exchange, visit gardencityexchange.com.

Reality of Pawn Shops

Tuesday, October 5th, 2010

From AZ Central Dot Com

Reality of pawn shops a little different from TV shows

By Richard Ruelas – Oct. 5, 2010 12:00 AM

The Arizona Republic

On one show, the pawn-store owner is trading in antiquities and working big deals. On another show, the pawn-store owner deals with an array of sketchy characters kept in line only by his beefy security guards.

Neither portrayal seems familiar to pawn dealers in the Phoenix area.

“That’s all glitz,” said Stan Grossman, owner of Glendale Pawn and Jewelry. “The truth is, just like anyone else, we have a normal business.”

Pawn shops have become the latest fertile ground for reality shows.

Both shows, “Pawn Stars” and “Hardcore Pawn,” invoke puns that capitalize on “pawn” sounding like “porn.” But each presents wildly different views of pawn-shop life.

Pawn Stars,” set in a Las Vegas shop and airing on the History Channel, makes the pawn life seem like a daily “Antiques Roadshow.” People come into a suspiciously empty pawn shop with valuables – the Who’s contract to play at Woodstock, John Hancock’s signature, a Rolex watch.

The staff hems and haws over pricing, sometimes bringing in experts to authenticate and evaluate items.

The other show, “Hardcore Pawn,” airing on truTV, presents a seedier vision. Set in Detroit, it features customers from a broad spectrum – a recently released prisoner comes in with power tools, and a woman demanding the return of a pawned item long since sold must be escorted out by security guards. One desperate woman tries to sell her pets (and since the store had earlier purchased a baby alligator, anything is fair game).

But most days at pawn shops are not as exciting.

“We kind of fall in the middle,” said Robert Palagi, president of North Phoenix Pawn.

Of the two, Palagi said that “Pawn Stars” is closer to the truth than “Hardcore Pawn.”

“Not everybody who comes in here is a tweaker with pockmarks and a hypodermic coming out of their arms,” Palagi said. Note that he said “not everybody.”

Palagi said there can be a rough element to the crowd, but he can’t remember ever having to threaten somebody with a gun.

“Customers get rowdy, but it’s so few and far between,” he said.

Antiques also are rare, said Eric Baker, store director at Mo Money Pawn Shop in Phoenix.

“We don’t see them that often,” he said. “If I would base my business on that, I’d be out of business in two weeks.”

Baker said he mainly gets TVs, DVD players, tools, electronics, watches and jewelry.

“You’ll never see that stuff on the show.”

The transactions can be a little more colorful than what may occur at Macy’s or Nordstrom, a detail the shows can accurately portray.

“At a pawn show, we don’t have to have customer service,” Baker said. “It’s our way or the highway.”

Baker said the reality shows are changing reality at his shop slightly. More people are coming in looking for antiques, based on what they see on “Pawn Stars.”

“I don’t mind the attention,” he said, “as frivolous as (it) is.”

Grossman, of Glendale Pawn and Jewelry, agreed, saying that on one level the show does a service for pawn stores by explaining how the process works.

But Grossman said a camera crew might nod off in his store. The overwhelming majority of his trade comes from people pawning or selling gold jewelry. And most interactions are pleasant.

“Generally, people are always nice,” he said. “If you take the time to explain why you’re doing things, most people understand.”

What keeps him interested is the unknown, always unsure what might wander through the door. Most times it’s jewelry, but he’ll get samurai swords or barbell sets.

“People don’t understand the depth of knowledge that pawn shop people acquire through the years,” he said. “It’s amazing what people own.”

‘Pawn’ Spawn

Monday, August 16th, 2010

From NY Post Dot Com

‘Pawn’ spawn
By LINDA STASI

Now that “Pawn Stars” and the Harrison family have become the hottest things to hit the strip since strip joints, everybody wants to cash in.

Enter TruTV’s new show, “Hardcore Pawn,” a reality show about a suburban Detroit pawn shop that’s roughly the size of Costco — with almost as much stuff. Like a good pawn shop, TruTV wants to trade in on somebody else’s gold mine. Trouble is they’re dealing with stolen goods. The show is a ripoff of “Pawn Stars,” without the charm but with much of the ugly.

The place, American Jewelry and Loan — run by a family called, I swear, the Golds — is 50,000 square feet filled with 45,000 items. Like “Pawn Stars,” the Golds’ emporium is headed by a patriarch, the misnamed Les Gold. With his gold medallion and rings, he should be named More Gold.

Unlike Old Man Harrison, Les is not so quirky as he is unappealing. He’s got greasy, slicked back hair, a black leather sports jacket and skin that’s been tanned to the color of a new penny. Since pawning is a family affair, his grown kids, Seth and Ashley, work in the store with him.

Les describes his son as “the future owner of American Jewelry and Loan,” and his daughter as “the bitch of American Jewelry and Loan.” Enough said.

The show has its share of interesting items that come in. The most popular item in the premiere is a stripper pole complete with shag carpet platform — bring in the disinfectant and bed bug spray! — but the people who try it out aren’t really the kind you want to have over for a beer.

There’s also an obscenity-spewing lady with a bad braid job who goes berserkers because, she says, the Golds lost her earrings. Meantime, she has no paperwork. A big portion of the show is devoted to her yelling, “You no good mother-f- – - – - -,” and Les sagely replying, “f- – -, f- – -, f- – -” back. She threatens that he won’t make it home that night. Like I said, unpleasant.

There’s nothing fun about depressed Detroit or desperate people who have to sell their stuff to feed their kids. We don’t see any of these sad stories, but when you get a look at the parking lot, you know the place is not filled with happy people.

Besides that, a lot of it is clearly set up. For example, a woman comes into the shop with two horses and one donkey to pawn. Talk about a pile of horse manure! That stunt alone was enough to make me feel as used as that stripper pole.

Not a terrible show but, like a used toaster, it’s nothing new.

Copyright 2010 NYP Holdings, Inc. All rights reserved.

Hardcore Pawn Makes Debut

Wednesday, December 16th, 2009

From Mlive.com:

New truTV show ‘Hardcore Pawn’ features Detroit pawn shop American Jewelry and Loan
By Jessica Nunez | MLive.com
December 16, 2009, 8:42AM

American Jewelry and Loan in Detroit is the star of a new truTV show called ‘Hardcore Pawn.’ It airs on Monday at 11 p.m.Pawnshops: they’re there for you when you need money fast, or when you need a great deal on a big screen TV. Now one Detroit pawnshop is trying to hone in on a completely different business — entertainment.

Or reality television, to be more specific.

On Monday, the first two episodes of a show called “Hardcore Pawn” (which is either the worst or best TV show name of the year — it’s hard to decide which) will air on truTV.

The show will feature Detroit pawnshop American Jewelry and Loan and the crazy things it encounters on a daily basis, including customers who try to exchange things like alligators and prosthetic limbs in exchange for cash.

“We’re actually hoping [viewers] do like what they see,” owner Les Gold says in a Metro Times article. “I hope a lot of them tune in, to be honest with you. If you tune in on Monday, you’ll see some strange things come in.”

Metro Times, Dec. 16: (Les’ Son) Seth explains, “The reason why we agreed to do this wasn’t to become famous. It was to shed some light on what we do. Pawn shops have a negative stigma attached to them, and we opened up the door to show what we do so as to kind of take that —” “—to a legitimate, understandable level,” Les concludes.
The Golds’ pawn shop isn’t the first to be featured on a reality show.

A new History Channel show called ‘Pawn Stars’ (again, the porn pun … are we missing something?) also airs on Mondays, at 10 p.m.

This one follows the owners of Gold and Silver Pawn Shop in Las Vegas, but Les Gold says the shows aren’t that similar.

“…The pawnbrokers of “Pawn Stores” deal in higher-end items, “Hardcore Pawn” would feature a more down-to-earth look at the industry,” Les says in a recent Crain’s Detroit Business article.

Only two episodes of “Hardcore Pawn” have been taped so far, but if the ratings are high enough, the show could be picked up on a regular basis.

Both episodes air on Monday, Dec. 21 at 11 and 11:30 p.m.

© 2009 MLive.com. All rights reserved.

 

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Copyright © 2009 - Stephen Krupnik - All Rights Reserved
Pawnonomics by Stephen Krupnik tells the infamous history of the pawn broking industry and shines a bright light into
its darkest corners, while also pointing out some pinnacles along the way.